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United Airlines(NasdaqGS: UAUA):

UAL Corporation, through its subsidiaries, offers air transportation services. The company, through its subsidiary, United Air Lines, Inc., provides transportation of persons, property, and mail in the United States and internationally. It provides its services through jet aircrafts, as well as smaller aircrafts in its regional operations. As of December 31, 2008, UAL Corporation operated 3,000 flights to approximately 200 destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago, and Washington, D.C. It also served approximately 900 destinations in 160 countries worldwide through its alliance with Star Alliance carriers. The company was founded in 1934 and is based in Chicago, Illinois.

Overview:

United Airlines operates more than 3,000† flights a day on United® and United Express®* to more than 200 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United’s 49,500 employees reside in every U.S. state and in many countries around the world.

The company’s portfolio of products offers the right service to the right customer at the right price.

The entire organization is committed to continuous improvement in costs, revenues and operations to sustain and enhance a competitive margin. To achieve this goal, the company is investing in its customers and employees and ensuring accountability to create a high-performing organization.

Corporate Governance

UAL and its subsidiaries are committed to sound principles of corporate governance, which the company believes are critical to maintaining the trust of its investors and other key stakeholders. The board of directors of UAL directs the affairs of the corporation and is guided by several important documents that lay the foundation of the company’s corporate governance. The first is the Code of Conduct, which describes the ethical and legal responsibilities all company employees are expected to uphold and which provides basic guidelines for conducting business on behalf of UAL and its subsidiaries. The next is the Corporate Governance Guidelines, which outline the duties and responsibilities of the board of directors and which establish general governance policies and practices. Supplementing the Guidelines are the individual charters of the board committees, which articulate the specific charges of those committees.

* United Airlines contracts (but does not operate or own) United Express aircraft.

United's global network – an important competitive advantage – offers a portfolio of differentiated products and services to each of our distinct customer groups.

Economy Plus® offers more legroom to Mileage Plus elite members and others who may purchase Economy Plus seats.

United Express® is our feeder service for regional customers with more than 1,700 scheduled daily flights across the U.S. and Canada. Redefining the United Express experience, explusSM offers passengers United First® and Economy Plus seating on the state of the art regional jets.

p.s.(SM) is United's premium transcontinental service designed with high-value business customers in mind.

United Airlines Cargo(SM) offers customers guaranteed same-day domestic and international shipping services for small packages and heavy freight.

Star Alliance®

As a founding member of Star Alliance, the world's largest airline alliance, United provides connections for passenger and cargo customers to 965 destinations in 162 countries worldwide. United's partners include: